ANNET MISANYA
Oct 15
Benefits to a public organization of using the open tender method in the procurement practices.
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Oct 15
1. Transparency: The open tender method ensures that the procurement process is transparent and fair, as all interested suppliers have the opportunity to submit bids and compete for the contract.
2. Competition: By allowing multiple suppliers to bid on a contract, the open tender method promotes competition, which can lead to better quality goods and services at lower prices.
3. Cost-effectiveness: The competitive nature of the open tender method can help public organizations secure the best value for money, as suppliers are incentivized to offer competitive prices in order to win the contract.
4. Accountability: The open tender method helps to ensure accountability in the procurement process, as all decisions are based on objective criteria and documented evidence.
5. Compliance: Using the open tender method can help public organizations comply with legal and regulatory requirements, as it demonstrates that the procurement process is fair and open to all qualified suppliers.
6. Innovation: By allowing a wide range of suppliers to bid on a contract, the open tender method can encourage innovation and creativity in the goods and services offered.
7. Public trust: The transparent and competitive nature of the open tender method can help build public trust in the procurement practices of public organizations, as it demonstrates a commitment to fairness and integrity.
2. Competition: By allowing multiple suppliers to bid on a contract, the open tender method promotes competition, which can lead to better quality goods and services at lower prices.
3. Cost-effectiveness: The competitive nature of the open tender method can help public organizations secure the best value for money, as suppliers are incentivized to offer competitive prices in order to win the contract.
4. Accountability: The open tender method helps to ensure accountability in the procurement process, as all decisions are based on objective criteria and documented evidence.
5. Compliance: Using the open tender method can help public organizations comply with legal and regulatory requirements, as it demonstrates that the procurement process is fair and open to all qualified suppliers.
6. Innovation: By allowing a wide range of suppliers to bid on a contract, the open tender method can encourage innovation and creativity in the goods and services offered.
7. Public trust: The transparent and competitive nature of the open tender method can help build public trust in the procurement practices of public organizations, as it demonstrates a commitment to fairness and integrity.
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